{"id":71267,"date":"2022-08-08T16:55:34","date_gmt":"2022-08-08T16:55:34","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=96149"},"modified":"2022-08-08T16:55:34","modified_gmt":"2022-08-08T16:55:34","slug":"rosen-global-investor-counsel-encourages-17-education-technology-group-inc-investors-to-secure-counsel-before-important-deadline-in-first-filed-securities-class-action-commenced-by-the-firm","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/rosen-global-investor-counsel-encourages-17-education-technology-group-inc-investors-to-secure-counsel-before-important-deadline-in-first-filed-securities-class-action-commenced-by-the-firm\/","title":{"rendered":"ROSEN, GLOBAL INVESTOR COUNSEL, Encourages 17 Education & Technology Group Inc. Investors to Secure Counsel Before Important Deadline in First Filed Securities Class Action Commenced by the Firm \u2013 YQ"},"content":{"rendered":"

NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) —\u00a0WHY:\u00a0<\/strong>Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of 17 Education & Technology Group Inc. (NASDAQ: YQ) pursuant and\/or traceable to the registration statement and related prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with 17EdTech\u2019s December 2020 initial public offering (the \u201cIPO\u201d), of the important\u00a0September 19, 2022 lead plaintiff deadline<\/strong>, in the securities class action commenced by the Firm.<\/p>\n

SO WHAT:<\/strong>\u00a0If you purchased 17EdTech securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.<\/p>\n

WHAT TO DO NEXT:\u00a0<\/strong>To join the 17EdTech class action, go to\u00a0https:\/\/rosenlegal.com\/submit-form\/?case_id=7395<\/a>\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\u00a0pkim@rosenlegal.com<\/a>\u00a0or\u00a0cases@rosenlegal.com<\/a>\u00a0for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court\u00a0no later than September 19, 2022<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n

WHY ROSEN LAW:\u00a0<\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition.\u00a0Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases.\u00a0<\/strong>Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

DETAILS OF THE CASE:\u00a0<\/strong>According to the lawsuit, the IPO Registration Statement featured false and\/or misleading statements and\/or failed to disclose that: (1) Defendant 17EdTech\u2019s K-12 Academic AST Services would end less than a year after the IPO; (2) as part of its ongoing regulatory efforts, Chinese authorities would imminently curtail and\/or end 17EdTech\u2019s core business; and (3) as a result, Defendants\u2019 statements about the Company\u2019s business, operations, and prospects were materially false and misleading and\/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

To join the 17EdTech class action, go to\u00a0https:\/\/rosenlegal.com\/submit-form\/?case_id=7395<\/a>\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\u00a0pkim@rosenlegal.com<\/a>\u00a0or\u00a0cases@rosenlegal.com<\/a>\u00a0for information on the class action.<\/p>\n

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n

Follow us for updates on LinkedIn:\u00a0https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter:\u00a0https:\/\/twitter.com\/rosen_firm<\/a>\u00a0or on Facebook:\u00a0https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) \u2014\u00a0WHY:\u00a0Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of 17 Education & Technology Group Inc. (NASDAQ: YQ) pursuant and\/or traceable to the registration statement and related prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with 17EdTech\u2019s December 2020 initial public offering (the [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nROSEN, GLOBAL INVESTOR COUNSEL, Encourages 17 Education & Technology Group Inc. 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